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Neptune Flood makes leadership changes, promotes Duffy to president
By Mia MacGregorApril 17 - (The Insurer) - AI-driven MGU Neptune Flood has expanded its leadership team with three promotions and one new appointment, including the promotion of Matt Duffy to president.Duffy, who joined Neptune in July 2021, was promoted from managing director to president. In his n...Reuters
Thu, Apr 17
Lockton names DiLullo first US industry practice leader
By Mia MacGregorApril 17 - (The Insurer) - Lockton has appointed Chris DiLullo as its first U.S. industry practices leader. DiLullo has been with the company for more than two decades, most recently serving as Northeast industry practice leader. Over the course of his tenure, he has held various le...Reuters
Thu, Apr 17
CANADA RESEARCH ROUNDUP-Bombardier, Information Services, Stantec
April 17 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Bombardier, Information Services and Stantec on Thursday.HIGHLIGHTS * Bombardier BBDb.TO: National Bank of Canada raises target price to C$107 from C$103* Franco-Nevada Corp FNV....Reuters
Thu, Apr 17
US sanctions International Bank of Yemen, top officials
WASHINGTON, April 17 (Reuters) - The United States on Thursday issued new sanctions targeting the International Bank of Yemen (IBY), citing its financial support for the Houthis, the Iran-backed group that has waged attacks on commercial ships in the Red Sea, a Treasury Department statement said.The...Reuters
Thu, Apr 17
Health insurer Elevance sees first-quarter profit above estimates
April 17 (Reuters) - Elevance Health ELV.N said on Thursday it expects first-quarter profit above estimates, helped by medical cost trends that were in line with its expectations. The company forecast first-quarter adjusted profit of $11.97 per share, compared with analysts' average estimate of ...Reuters
Thu, Apr 17
US judge finds Google holds illegal online ad tech monopolies
April 17 (Reuters) - Alphabet's GOOGL.O Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S.The ruling by U.S. District Judge Leonie Brinkema in Alexandria, ...Reuters
Thu, Apr 17
ABB to increase local US production to reduce tariff impact
By John Revill ZURICH, April 17 (Reuters) - Swiss engineering group ABB ABBN.S is expanding its local production in the United States and other countries to mitigate the impact of tariffs imposed by U.S. President Donald Trump, Chief Executive Morten Wierod said on Thursday.ABB has already pledge...Reuters
Thu, Apr 17
EXCLUSIVE-JPMorgan beefs up activism defense group, hires two managing directors
JPMorgan hires Herrington and Park as managing directors JPMorgan's activism defense team sees biggest expansion in a decadeBank ranks second in global financial advisers league tableBy Svea Herbst-BaylissNEW YORK, April 17 (Reuters) - JPMorgan Chase JPM.N is hiring two veteran bankers in its gl...Reuters
Thu, Apr 17
Ignyte specialty insurance platform launches following sale of NSM’s US commercial unit to New Mountain
By Michael LoneyApril 17 - (The Insurer) - Geof McKernan-led Ignyte Insurance has been launched as a specialty insurance platform following the close of the sale of NSM Insurance Group's U.S. commercial business to New Mountain Capital.Ignyte describes itself as a platform dedicated to acquiring...Reuters
Thu, Apr 17
Drake attacks Lamar's Super Bowl performance in lawsuit against record label
Drake sued UMG over promotion of Lamar's 'Not Like Us'Drake says UMG tried to profit by making him a pariahUMG calls lawsuit baseless, affront to creative expressionBy Jonathan Stempel NEW YORK, April 17 (Reuters) - Drake expanded his defamation lawsuit against Universal Music Group, ...Reuters
Thu, Apr 17
Infosys Exec Says Environment Is Uncertain, Will Keep A Close Watch On Macro Changes
April 17 (Reuters) - Infosys Ltd INFY.NS:INFOSYS EXEC: THE ENVIRONMENT IS UNCERTAIN, WE WILL KEEP A CLOSE WATCH ON MACRO CHANGESINFOSYS EXEC: ON TRACK TO HIRE 20,000 FRESHERS FOR FY26INFOSYS EXEC: EXPECT TO SEE SOME IMPACT IN CONSUMER PRODUCTS SEGMENT DUE TO MACRO ISSUESINFOSYS EXEC: CLIENTS' ST...Reuters
Thu, Apr 17
Spirit Airlines names new CEO after emerging from bankruptcy
April 17 (Reuters) - Spirit Airlines SAVEQ.PK on Thursday appointed Dave Davis as its new chief executive officer, weeks after the U.S. discount carrier emerged from bankruptcy and reconstituted its board.Davis, joining from rival Sun Country Airlines SNCY.O where he was the finance chief since 2018...Reuters
Thu, Apr 17
Qatari emir offers encouragement to Putin on prospects for Syria ties
Putin hosts Qatari leader in KremlinEmir says new Syrian leader wants good ties with RussiaRussia keen to preserve military bases in SyriaLeaders discuss efforts to restore Gaza ceasefireBy Vladimir Soldatkin MOSCOW, April 17 (Reuters) - Qatar's Emir Sheikh Tamim bin Hamad Al-Thani told Russi...Reuters
Thu, Apr 17
Russia says it sees Japan's planned military drills near border as provocation
MOSCOW, April 17 (Reuters) - Russia's Foreign Ministry said on Thursday it regarded Japanese plans to hold military drills in proximity to the Russian border as a provocation and a threat to national security.Japan's ambassador to Moscow had received a protest over the matter, the ministry s...Reuters
Thu, Apr 17
Blackstone President Says Markets Will Recover Very Quickly If Tariff Issues Resolved - Conference Call
April 17 (Reuters) - Blackstone Inc BX.N:BLACKSTONE CEO STEPHEN SCHWARZMAN SAYS TARIFF UNCERTAINTY HAS IMPACTED INVESTOR SENTIMENT - CONF CALLBLACKSTONE CEO SAYS TOO EARLY TO DETERMINE IMPACT OF TARIFFSBLACKSTONE CEO SAYS FAST RESOLUTION OF TRADE UNCERTAINTY IS CRITICALBLACKSTONE CEO SAYS TARIFFS MA...Reuters
Thu, Apr 17
Property, Finpro and cyber lead softening as Marsh Global Insurance Market Index falls 3% in Q1
By David BullApril 17 - (The Insurer) - The Marsh Global Insurance Market Index showed rates declining 3% in the first quarter, despite an elevated risk landscape, Marsh McLennan CEO John Doyle told analysts on the company’s earnings call Thursday.The executive was speaking after the company reporte...Reuters
Thu, Apr 17
EXCLUSIVE-TK Elevator owners weigh US for potential multi-billion euro IPO, sources say
Deliberations at an early stage, sources sayBusiness likely to be valued at more than 20 billion eurosUS accounts for 35% of TK Elevator's group salesBy Emma-Victoria Farr and Christoph Steitz FRANKFURT, April 17 (Reuters) - TK Elevator's owners are weighing the United States as a locatio...Reuters
Thu, Apr 17
BP Marsh launches special shareholder return following Paladin sale
By Ryan HewlettApril 17 - (The Insurer) - Specialist UK insurance investor BP Marsh has announced a special return to shareholders following the receipt of further cash proceeds from the successful sale of its shareholding in Paladin, the parent of Lloyd’s intermediary CBC, to private equity-backed ...Reuters
Thu, Apr 17
